Venture Capital

Mary Meeker's New Fund Backs Canva With $70 Million In Funding And $2.5B Valuation

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Canva, an online visual presentation software company that competes directly with Google's G Suite and Microsoft PowerPoint, raised $70 million at $2.5 billion valuation on Monday. Bond, the venture capital firm founded by former Kleiner Perkins partner Mary Meeker, led the round with General Catalyst — the first investment that Bond has announced since it was founded in April. CEO Melanie Perkins tells Business Insider that the next step for Canva is investing more deeply in the enterprise software space. Visit Business Insider's homepage for more stories.

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